Reuters

Frontrunning: March 20

  • Stock futures lower after G20 drops free-trade pledge (Reuters)
  • U.K. to Trigger Brexit on March 29, May’s Spokesman Says (BBG)
  • Comey to Testify on Hill About Russia, Wiretap Allegation (WSJ)
  • Germany, Japan Push Trade Deal as Merkel Seeks Anti-Trump Allies (BBG)
  • North Korea engine test may be prelude to partial ICBM flight (Reuters)
  • Regulators Said to Weigh Appraisal Change That May Spur Lending (BBG)

Global Stocks, US Futures Slide Spooked By G20 Protectionist Shift; Dollar Drops For 4th Day

Global markets start the week mixed with Asian stocks rising (Japan was closed for holiday), European stocks sliding, weighed down by declines in oil-and-gas shares and banks, and S&P500 futures also down. The dollar fell to a six-week low, falling four days in a row for the first time since early November as G20 leaders scrap a long-standing commitment to reject all forms of trade protectionism.

Erdogan: "Europeans Would Revive The Gas Chambers If They Weren't Ashamed"

Europe’s “masquerade ball” is over, Erdogan said at yet another demonstration in Istanbul on Sunday, where he slammed Merkel accusing her of engaging in "Nazi practices", and then shocked his audience when he said “if [Europeans] weren’t ashamed, they would revive the gas chambers."

Paul Ryan Reveals Latest Changes To Republican Healthcare Bill

House Speaker Paul Ryan revealed on Sunday the latest set of changes to the Republican healthcare overhaul bill, among which the provision for more generous tax credits for older Americans as well as the addition of a work requirement for the Medicaid program for the poor.

Abe School Scandal Set For Major Escalation After Donation Receipt Emerges

The Mainichi Shimbun has obtained a copy of a receipt for a deposit of 1 million yen that scandal-hit Moritomo Gakuen claims to have been donated by Prime Minister Shinzo Abe's wife Akie Abe, jeopardizing Abe's official denial of involvement,  further eroding Abe's credibility and support, and potentially culminating with Abe's resignation.

North Korea "One Step Closer To ICBM Launch" After Successful Test Of "New Type" Rocket Engine

North Korea announced it has conducted a ground test of a new type of high-thrust rocket engine that leader Kim Jong Un is calling a "revolutionary breakthrough" for the country's space program. The claim of a successful test of the high-thrust rocket engine would put North Korea a step closer to being able to launch an intercontinental ballistic missile, the WSJ reported.

Russian Parliament Launches Investigation Of "CNN And Other American Media"

Following legislation introduced by Jeanne Shaheen earlier this week to investigation the RT in the U.S., the Russian Parliament has decided to launch its own media witch hunt to check whether CNN, the Voice of America, Radio Liberty and "other American media" are complying with Russian law.

Mexicans Flood Into Canada As 2017 Border Detentions Surpass All Of 2016

Mexican immigrants are suddenly finding out that, while Canada is happy to host 'tourists' from our Southern neighbor courtesy of relaxed visa requirements that went into effect December 1st, they're not so eager to invite folks looking for work or immigrants without valid identification and/or a criminal record.